We have been a part of Royston for nearly 60 years, previously covering a variety of legal sectors, The Walkers Partnership now focusses on Conveyancing (buying and selling residential property), Wills, Lasting Powers of Attorney, Probate / Letters of Administration and Commercial Property.
The Walkers Partnership now operates solely from one office in Royston, meaning you know who you will be dealing with each time you need us. All calls are answered on site and put through to either our Private Client or Conveyancing teams.
In its simplest terms, Conveyancing is the legal transfer of a property from one owner to another. There are two main stages to the process; 1) the lead up to exchange of contracts (where all terms and facts are set), and 2) completion (when legal title to the property passes from the seller to the buyer).
The Walkers Partnership can help you through your transaction whether you are first time buyers or seasoned property experts.
Costs and TimeframesFor all conveyancing pricing queries please click here to download our PDF brochure.
If you would like a written quote please contact us.
The estimated number of adults without a Will is still over 50% of the UK. If you do not have a Will, it is sensible to understand what the possible ramifications are, including who would benefit and how your estate would be administered as there are statutory rules in place that dictate how your assets are dealt with.
There is no requirement to use a solicitor, although depending on your circumstances it may be worthwhile seeking legal advice. There is no reason why you can't write a Will yourself, provided that it complies with statutory rules to ensure it is valid. The Walkers Partnership offer a free initial appointment to discuss your circumstances so that we can suggest options for you to consider.
If you own your own property in joint names you may want to discuss ring options to fence part or all of your property from being used in care fees should you require residential care later in life. Whilst The Walkers Partnership is able to discuss the Inheritance Tax Nil Rate bands and your potential IHT liability, it may be sensible for you to take independent finance advice regarding investments and Inheritance Tax implications.
We offer a free initial appointment to discuss your personal circumstances, if you wish to instruct us to prepare your Wills, our prices are as follows:
When someone dies with a valid Will the Executor(s) must make an application to the Probate Registry for a Grant of Probate. Probate is both the process of administering the estate of the deceased and also the name of the official document that recognises the authority of the Executors to handle the assets in the estate.
If the estate is very small with no shares or property and no single asset worth more than £10,000, then a Grant of Probate may not be necessary.
If someone dies without a valid Will (i.e. they died “intestate”) then, there is a statutory order setting out who is entitled to apply to the Probate Registry for a Grant of Letters of Administration. This document recognises the authority of the Administrators to deal with the assets in the estate. It is not usually possible to make any progress with the administration and winding up of the estate without a Grant of Letters of Administration.
Inheritance Tax is usually only payable where the value of the net estate (i.e. after deduction of certain liabilities including funeral costs including the cost of a reception) exceeds a specific level. If the estate is passing to a surviving spouse or a charity then, no tax will be payable. However, in all other circumstances, for deaths after 1st April 2009, the threshold for payment of Inheritance Tax is £325,000.
If you are leavings your home to your children (including adopted, stepchildren or foster children) or grandchildren then you are entitled to an additional £150,000 Residence Nil Rate Band meaning that a total of £475,000 can be left without incurring Inheritance Tax liability.
If the estate is worth more than the tax threshold, that figure is deducted from the net estate and Inheritance Tax is payable on the remaining balance. Inheritance Tax is currently charged at the rate of 40%, which rate is unchanged since the tax was introduced in 1986.
Inheritance Tax is payable within six months of the date of death. Inheritance tax due on the cash assets i.e. stocks, shares, bank accounts, building society accounts, PEP’s, TESSA’s, ISA’s etc is payable immediately. However, Inheritance Tax due on a property can be paid in instalments.
Costs and TimeframesFor all Probate pricing queries please click here to download our PDF brochure.
If you would like a written quote please contact us.
Tom was brilliant – I was very impressed, always responded to emails and took my calls. Certainly would highly recommend.
A speedy, efficient, thorough, professional and knowledgeable service, at a fair cost. It was a delight to be able to rest assured that the matter was in very safe and capable hands!
A very well put together package, stress free and efficient service.
Very professional service. The speed of service was superb. Would definitely recommend your company to friends and family, thank you.